Teekay Tankers Ltd. June 15th Short Interest Update

Teekay Tankers Ltd. (NYSE:TNK) stated gains of 145,306 shares or 1.5% in the short interest. The short interest registered from 9,806,929 on May 31,2016 to 9,952,235 on June 15,2016. In terms of floated shares, the shorted positions stood at 8.3%. The stock has been averaging 1,709,147 shares daily in trading and would need 6 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Teekay Tankers Ltd. (NYSE:TNK): The stock opened at $3.08 on Friday but the bulls could not build on the opening and the stock topped out at $3.24 for the day. The stock traded down to $3.03 during the day, due to lack of any buying support eventually closed down at $3.21 with a loss of -1.83% for the day. The stock had closed at $3.27 on the previous day. The total traded volume was 4,168,595 shares.

The company shares have dropped -53.14% from its 1 Year high price. On Oct 21, 2015, the shares registered one year high at $8.53 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $3.53 and the 200 Day Moving Average price is recorded at $4.35.

Stocks of Teekay Tankers Ltd. (NYSE:TNK) rallied by 0.31% during the past week but lost 8.02% on a 4-week basis. The company has outperformed the S&P 500 by 1.98% in the past week but underperformed the index by 5.24% in the last 4 weeks.

Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Companys business is to own crude oil and product tankers. The Company owns around 11 Aframax Tankers, three medium range product tankers, 10 Suezmax tankers and three long range 2 product tankers. The Companys chartered-in vessels include eight Aframax Tankers and four long range 2 product tankers. The Company also operates one 50% owned very large crude carrier (VLCC). The Companys operations are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services.

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